Behavioral economics is a new and emerging field of research which incorporates insights from various related disciplines, such as psychology, sociology and neuroscience, to provide solutions for economic and social problems that cannot be easily reconciled by the traditional branch of economics. In April 2004, ISER founded the Research Center for Behavioral Economics - the first of this kind in Japan - with the aim of becoming the research hub of behavioral economics. In June 2009, ISER was selected as the Joint Usage/Research Center for Behavioral Economics by Ministry of Education, Culture, Sports, Science and Technology (MEXT) and since then has played an integral role in bringing together researchers from all over the world and promoting active research collaboration in this field.


April 1, 2020 Tsz Kwan TSE has joined us as Specially Appointed Assistant Professor.
Febrary 17, 2020 Professor Gerhard Illing (LMU University of Munich) is visiting us from February 17th to April 30th, 2020.
February 5, 2020 "Instrumental Variable Estimation of Dynamic Linear Panel Data Models with Defactored Regressors and a Multifactor Error Structure", Takashi Yamagata accepted for publication in Journal of Econometrics.
January 22, 2020 IER 2020 Lawrence R. Klein Lecture was held at ICHO Kaikan.
2020 Klein Lecture: Nicholas Bloom "Investment and Subjective Uncertainty"
January 14, 2020 "Preferences for observable information in a strategic setting: An experiment" (co-edited by Nobuyuki Hanaki, Adam Zylbersztejn and Zakaria Babutsidze), Journal of Economic Behavior and Organization is now available online.
January 10, 2020 "Adaptation for mitigation" Masako Ikefuji (with H. Sakamoto, and J.R. Magnus), Environmental Resource Economics is now available online.
January 6, 2020 Professor Debasis MISHRA (Indian Statistical Institute) is visiting us from January 6th, to 17th, 2020.
December 13, 2019 Professor Makoto Watanabe (VU University Amsterdam) is visiting us from December 13th, 2019 to March 16th, 2020.
December 11, 2019 Daiki Kishishita (University of Tokyo) wins ISER / Moriguchi Prize Award 2019.

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Research Highlights

Title Author
February 2020 Instrumental Variable Estimation of Dynamic Linear Panel Data Models with Defactored Regressors and a Multifactor Error Structure,Journal of Econometrics, forthcoming. Takashi Yamagata
January 2020 Expected utility and catastrophic risk in a stochastic economy–climate model (with Laeven R.J.A.; Magnus J.R.; Muris C.), Journal of Econometrics, No. 214, pp.110-129 Masako Ikefuji
October 2019 On the roots of the intrinsic value of decision rights: Experimental evidence (with João V. Ferreira and Benoît Tarroux), Games and Economic Behavior Nobuyuki Hanaki
September 2019 Mechanism design without quasilinearity (with Tomoya Kazumura and Debasis Mishra) Theoretical Economics, forthcoming. Shigehiro Serizawa
July 2019 Pre-negotiation commitment and internalization in public good provision through bilateral negotiations (with Ryusuke Shinohara) Journal of Public Economics Noriaki Matsushima
May 2019 Competitive Personalized Pricing (with Zhijun Chen and Chongwoo Choe) Management Science, forthcoming. Noriaki Matsushima
January 2019 The Impact of Monitoring in Infinitely Repeated Games: Perfect, Public, and Private (with V. Bhaskar, and Guillaume R. Frechette) American Economic Journal: Microeconomics Masaki Aoyagi

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Discussion Papers

List of Discussion Papers

Upcoming seminar



Stephen Teng Sun
(City University of Hong Kong)

Seminar Schedule